Kenyan Money Freeze in Tanzania and Uganda

Just thought I would add this interesting article on the attempts by Uganda and Tanzania to help stop the use of fraudulent Kenyan notes, ahead of new bank note issue this year.

May be of interest to some other Numisgeeks!

https://www.independent.co.ug/uganda-tanzania-suspend-conversion-of-kenyan-shillings/

Interesting read. If there is millions in non returned notes it could make the high values pretty cheap in the not distant future. We saw what happened in India though. The 500 and 1000 rupee notes are not as easy to find anymore.

Quote: "blue-m"​Interesting read. If there is millions in non returned notes it could make the high values pretty cheap in the not distant future. We saw what happened in India though. The 500 and 1000 rupee notes are not as easy to find anymore.

​That's very true, and they will no doubt follow through to lower denominations when they see how effective it is at flushing dirty money out. (Or into other neighbouring currencies )

If it helps Kenyan Shillings have a much higher value (55 to $1USD) than Tanzanian (3,500) and Ugandan shillings (5 figures) and thus are more stable.

Up to 1978 they were the same currency as the East African shilling inherited off the British.